French oil major Rubis has singled out Kenya as one of the African markets where it expects a 'bleak' second half of the year, highlighting the myriad of issues facing the petroleum market and other businesses in Kenya.
Rubis said the dipping economic outlook in Kenya is likely to impact its business –reversing gains in a market where it posted a marginal growth in revenues for the first half the year even as its main rivals faltered. Rubis was the only oil major that posted revenue growth in the Kenyan market in the first half of this year.
